HUD Homes in Gilbert, AZ

HUD homes can be a great investment for potential home owners and real estate investors. Often times, the properties can be purchased at a significantly reduced market value.

As a potential HUD home buyer, remember the following:

• You must use the services of a HUD registered real estate broker

• You must be pre-approved for a mortgage or show evidence of adequate cash reserves to purchase the home

• Owner-occupied bidders receive the first priority to purchase HUD homes

• HUD offers three types of properties: FHA insurable homes, FHA insurable homes with a repair escrow and homes hat are not insurable with an FHA loan.

• You do not have to finance a HUD home with an FHA loan

• HUD homes are sold "as-is"

• Before making a bid on a HUD home, you must provide your HUD registered real estate broker with the appropriate earnest money in the form of a cashiers check or money order.  

• If the purchase price is $50,000 or less, the amount of the earnest money required is $500. If the purchase price is greater than $50,000, the amount is $1,000.

• Your earnest money check should be made payable to the escrow account of your HUD registered real estate broker.

You can obtain a list of Arizona HUD homes currently for sale by clicking here. If you need a HUD registered real estate broker, click here.

To return to the beginning of this article, click here.
 

• Search Gilbert HUD Homes  
• Search Gilbert Foreclosures  
• Search Gilbert MLS Homes 
• Find a HUD approved Realtor®  
• Why use an Accredited Buyer Rep 
• Qualify for a home loan 
• How to buy a HUD home in Gilbert 
• Sell my home first!  
• Teacher Next Door program  
• Officer Next Door program   

Ready to begin the home buying process, contact the office at
602-993-7509
or call Rob Madden, Accredited Buyer Representative (ABR) directly at
480-888-1234.

Rob Madden is a multi-million dollar producing Realtor® with Green Leaf Realty that has advised, consulted and negotiated on the behalf of home buyers and sellers across the Gilbert metropolitan region.  For more information on purchasing your first home, relocating to the Gilbert area, buying investment real estate, or aggressively selling a home in Gilbert, call Rob directly at 480-888-1234.

Copyright ©2002-2010.  Rob Madden, Realtor, Foreclosure Specialist, Green Leaf Realty. 
15849 N 71st St, Scottsdale, AZ 85254 - gilbert.foreclosurehomesearch.com
  For more information, contact us at:  Office: 602-993-7509  Direct 480-888-1234